Sharda Cropchem slumps as Q1 PAT drops 40% YoY

25 Jul 2022 , 03:22 PM

Profit before tax slumped by 73.5% to Rs 17.64 crore in Q1 FY23 as against Rs 66.47 crore in Q1 FY22. Total expenses increased 51.9% year on year to Rs 771.65 crore in the quarter ended 30 June 2022. Cost of raw materials consumed stood at Rs 300.11 crore (up 34% YoY) and other expenses stood at Rs 148.05 crore (up 155.5% YoY) during the period under review. EBITDA rose 4% to Rs 111.1 crore in Q1 FY23 compared with Rs 106.6 crore in Q1 FY22. EBITDA margin de-grew to 13.5% as on 30 June 2022 as against 17.1% as on 30 June 2021. Sharda Cropchem is a global crop protection chemical company largely operating across Europe, NAFTA and Latin America across fungicides, herbicides and insecticides. Powered by Capital Market – Live News